The Warner Bros Discovery board said it will review Paramount’s bid. (Photo source: Representative/Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Paramount Skydance on Monday launched a hostile $108.4 billion bid for Warner Bros Discovery, trying to beat Netflix’s earlier $72 billion deal.

Earlier, it appeared that Netflix had almost won the weeks-long bidding war for Warner Bros Discovery's TV, film and streaming assets. Paramount’s new move means the battle for control of Warner Bros is likely to continue for a while.

The company said it made six proposals in 12 weeks, but Warner Bros “never engaged meaningfully.” Paramount also sent a letter accusing Warner Bros of abandoning a fair process and favouring Netflix.

The Warner Bros Discovery board said it wou

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